On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney highlights the specific concessions made by the U.S. and China amid ongoing trade negotiations between the two nations. He also prepares investors for Mark Zuckerberg’s EU testimony and chats with Zacks Strategist Dave Bartosiak about the latest trends in retail stocks following Q1 earnings season.
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Free Lunch is a brand new show from Zacks Investment Research. It is streamed live, four times per week, and will feature breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
First up, Ryan discusses the latest news from the ongoing trade talks between the U.S. and China. Over the weekend, we learned that the so-called trade war was “on hold,” on today, we heard about specific concessions that each side made. Notably, China will reduce tariffs on foreign automobiles, and President Trump will lift a trade ban on Chinese telecom giant ZTE.
Also in focus today is Mark Zuckerberg’s testimony before European Union regulators in regards to Facebook’s FB data protection standards. The hearing will likely be as testy as Zuckerberg’s chat with Congress just a few weeks ago. Ryan suggests what to keep an eye on as the talks happen.
On the second half of the show, Ryan is joined by Zacks Strategist Dave Bartosiak, who helps recap the latest earnings results from Kohl’s KSS and TJX TJX.
With results from Macy’s M, Nordstrom JWN, and JC Penney JCP already in, earnings season for mall-based retailers is all but over, so Ryan and Dave also take a few minutes to discuss the latest trends in the industry.
Check out the show to hear more!
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Facebook, Inc. (FB) : Free Stock Analysis Report
Nordstrom, Inc. (JWN) : Free Stock Analysis Report
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
Macy's, Inc. (M) : Free Stock Analysis Report
J. C. Penney Company, Inc. (JCP) : Free Stock Analysis Report
Kohl's Corporation (KSS) : Free Stock Analysis Report
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